By Reem Shamseddine and Rania El Gamal - Zawya - KHOBAR/DUBAI - ( Reuters ) - Crude production from the Khafji oilfield, jointly run by Saudi Arabia and Kuwait, has been halted temporarily to comply with environmental rules, according to an industry source familiar with Saudi policy and an internal letter seen by Reuters .

The move is unlikely to affect oil supplies from Saudi Arabia, the world's top oil exporter, because of the kingdom's significant crude output capacity, currently at 12.5 million barrels per day (bpd). In September, Saudi pumped 9.704 million bpd.

Arabnews - SINGAPORE - Oil prices extended a minor rally on bargain-buying Friday, a day after the US benchmark fell below $80 for the first time in more than two years.However, the overall mood remained clouded by a supply glut in and concerns over demand caused by a slowdown in major European economies and China.

By Steven Mufson* - The Washington Post - The roller-coaster ride of oil prices is speeding downward, carrying with it bickering members of OPEC, anxious U.S. shale oil producers and a Russia that relies heavily on petroleum revenue.

With a weak global economy, the customary swing producer of oil — Saudi Arabia — has cut prices instead of cutting production, setting off a scramble on world markets.

Saudi Gazette - JEDDAH - Brent oil prices fell more than $2 a barrel to less than $88 on Monday in New York, its lowest since 2010, after key Middle East producers signaled they would keep output high even if that meant lower prices.

Early on Monday, Brent crude touched its lowest since December 2010 at $87.74. But Brent pared losses, trading down $2.04 on the day at $88.17 by 11:12 ET (1512 GMT). US crude was down $1.12 at $84.70.

Saudi Gazette - Qenan Al-Ghamdi - Makkah Online - I registered in my diary the statement of the chief of Saudi Railways Organization (SRO) Mohammed Al-Suwaiket to Okaz newspaper on Tuesday, September 23, 2014. In that statement he said: “The plan to establish a railway network to link all the Kingdom’s cities and towns together will be completed within 10 months”.